The idea that audit plans should be risk based is so old and widely accepted that we give no second thought to it. And yet in my 16 years of risk across 4 continents I have seen 100s of audit plans and I can assure you NONE of them were risk based. They were opinion… Continue reading Creating a risk-based audit plan, is it a myth?
5 concerns for risk managers in 2025 and beyond
It is that time of the year again, we will soon start seeing top 5, 10 and 100 risk lists from every broker and consultant on the planet. Let me guess, it will say something like geopolitics, interest rates, COVID, cyber and logistics? Boooooring. I wanted to take us in a different direction. Here are… Continue reading 5 concerns for risk managers in 2025 and beyond
Book a short call to talk about your risk management or insurance implementation or book a full deep dive
Book a short call to talk about your risk management implementation or risk-based approach to insurance or book a full deep dive to analyse your risk management or insurance and get written recommendations, tips and tricks: https://meet.brevo.com/risk-academy Alex is an experienced executive across strategic, investment and operational risks and insurance working within multibillion dollar corporations… Continue reading Book a short call to talk about your risk management or insurance implementation or book a full deep dive
5-week risk quantification bootcamp by Alex Sidorenko and #Archer
Archer got together with Alex Sidorenko, FERMA Risk Manager of the Year 2021, RIMS International Honoree 2021, to create this practical bootcamp designed to help companies implement quantitative risk management that pays for itself. Imagine saving the company so much money that investing in risk management competencies and resources becomes a no brainer for the… Continue reading 5-week risk quantification bootcamp by Alex Sidorenko and #Archer
3 steps to make your business more resilient
Don’t ignore expected losses In risk management there is a concept that will be useful for any business out there, it is called – EXPECTED LOSSES. This means that certain risks are inevitable and will occur no matter what. Stealing in retail, foreign exchange fluctuations or customer bad debts are all examples of losses that… Continue reading 3 steps to make your business more resilient
Are your insurance brokers costing the company too much money? Get rid of bad apples.
In 2021, risk team implemented a quantitative risk-based approach to insurance renewals which resulted in reducing the cost of insurance by 60% and improving the quality of coverage across all insurance lines. This approach allowed us to save, or rather pay a fair price for insurance across the globe. Key to success was not to… Continue reading Are your insurance brokers costing the company too much money? Get rid of bad apples.
Online game – CEO needs your risk expertise, do you have what it takes?
The team at Archer Integrated Risk Management and I have created a fun online game to test how ready you are to present risk data to the Board and support the decision being made. Imagine yourself in a position: You are just leaving for the day, the phone suddenly rings, it’s the CEO. Management is bringing… Continue reading Online game – CEO needs your risk expertise, do you have what it takes?
Understanding the risk profile is the most important step in insurance decisions, so why isn’t everyone doing it?
In 2021, risk team implemented a quantitative risk-based approach to insurance renewals which resulted in reducing the cost of insurance by 60% and improving the quality of coverage across all insurance lines. This approach allowed us to save, or rather pay a fair price for insurance across the globe. Key to success was not to… Continue reading Understanding the risk profile is the most important step in insurance decisions, so why isn’t everyone doing it?
Are you looking for a better job in risk management?
In my 16 year career in risk management I hired or helped to hire a lot of risk professionals both in Europe and Middle East. In this article I describe the competencies that I usually look for in a risk professional. The list of competencies I originally wrote about still rings true to me. So… Continue reading Are you looking for a better job in risk management?
You can quantify any risk on the planet, just follow these steps
While I written this post about compliance risks in the past, I later applied exactly the same math and logic to any non financial risk, including intellectual property, legal, environmental, ESG and most other risks you can think of. Follow this step by step guide to quantify most non financial risks or if you want… Continue reading You can quantify any risk on the planet, just follow these steps
